exponential growth

Definition

A growthfactor in which the rate of growth of a value is proportionate to the previousincrease in value. For example, when a value has doubled, the rate of growth will also have doubled. The rate may also be expressed as exponential decay in the case of declining growth. Compound interest, which is the increase in the value of money at a constant rate of interest, is a form of exponential growth. Also called geometric growth.

Use exponential growth in a sentence

“
The exponential growth of the demand in the region has to do with the current population expansion there.
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